FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 100.54 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 100.50 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on AUDJPY H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 100.75 is broken. The further movements will rely on the width of the current pattern 50 points.

According to the chart of M30, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 100.25 is likely to encourage a continuation of the downward trend.

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 100.25/100.54 and upper border is 100.84/100.54. The pattern width is measured on the chart at -59 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 100.32.